City shorts: Johnson Service; Tertiary Minerals
JOHNSON Service Group, the Cheshire-headquartered dry cleaning and laundry hire company, says it expects to report a strong first half, and also expects its full-year performance to be ahead of City forecasts.
Ahead of its half year numbers for the six months to June 30, which will be reported on September 2, JSG said: “The group overall, and in particular our Textile Rental business, will deliver a strong result for the first half of the year.
“We expect the full year results for 2014 to be slightly ahead of expectations, delivering another year of good progress.”
The company said its half year net debt position will be approximately £32m, down £2m on the £34m at the end of 2013.
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TERTIARY Minerals, the AIM traded, Macclesfiled-based minerals company building a strategic position in the fluorspar sector, has passed a milestone in its Swedish operational plan.
It has submitted the Storuman Exploitation (Mine) Permit application to the Swedish Mining Inspectorate and is undergoing further feasibility tests and is also scoping processing and mine development plans.
Managing director Richard Clemmey said: “We are delighted to announce the submission of the Exploitation (Mine) Permit application for the Storuman Project which represents an important milestone in the development cycle of our most advanced fluorspar project.
“Drill planning is currently underway for the MB Project in Nevada USA and further details will be announced in the coming weeks.”
